Oman and Etihad Rail Company and Mubadala sign $3bn cooperation agreement ...United Arab Emirates

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Oman and Etihad Rail Company, the developer and operator of the UAE-Oman Rail Network, has signed a cooperation agreement with an overall investment value of  US $3bn with Mubadala Investment Company. The deal is in support of the development of a 303km-long railway network that will connect Oman and the UAE. In a statement, the companies said that the partnership comes in line with the two parties’ efforts to explore investment opportunities in the railway sector. In addition, it will strengthen cooperation and support the Oman and Etihad Rail Company’s efforts in accelerating the planning and execution process of the UAE-Oman Rail Network. The cooperation agreement includes the formation o

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